Monday, October 11, 2010

AUD: Parity remains within touching

Australian suffered a sharp turn on Friday, falling at one point to almost 0.97, that as much as two cents lower than Dvadtsatisemiletny maximum of 0.9918. Nevertheless, due to the problems of the dollar and the boom in commodity prices, the Australian short time at night was trading for 0.99, before gradually went down to 0.9850. Managing Treasury Wayne Swan suggested in New York that the strength of the currency creates problems for the economy (particularly for exporters), and may undermine tax revenue. Parity is within touch. If the dollar again nachet waver, does not take long to reach this critical level.

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